By The Daily Hodl - 6 months ago - Reading Time: 2 minutes
Trader Says Bitcoin Cash (BCH) Set To Go Higher, Updates Outlook on Rollbit (RLB) and an Under-the-Radar Altcoin
A widely followed crypto analyst is expressing bullish sentiment on Bitcoin Cash (BCH) after a sudden move to the upside.
Pseudonymous crypto trader Altcoin Sherpa tells his 196,800 followers on the social media platform X that BCH could soar 25% from its current value.
“BCH: no clue why this is pumping so well but keep it going. The chart is clean on this one. I think it’s still going to go higher. Buying a dip around $220 would be nice.”
Source: Altcoin Sherpa/XThe trader uses the Fibonacci retracement levels to suggest that BCH may dip to $220 before a rally to $300.
Bitcoin Cash, a Bitcoin (BTC) hard fork that spun off from the top crypto asset in 2017, is trading for $240 at time of writing.
Next up, the trader says that the crypto casino platform Rollbit (RLB) and Telegram bot app Unibot (UNIBOT) both look bullish.
“On-chain coins are doing really well lately. RLB, UNIBOT both still looking good but there are lots of other really strong mid-caps…
You can decide how far down the risk curve you want to go but things are looking nice for now.”
Source: Altcoin Sherpa/XLooking at his chart, the trader appears to show that RLB looks strong after converting its resistance at $0.158 into support.
Rollbit is trading for $0.16 at time of writing.
As for UNIBOT, the trader’s chart appears to indicate that the altcoin looks bullish after taking out its diagonal resistance.
Source: Altcoin Sherpa/XUNIBOT is worth $62.51 at time of writing.
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The post Trader Says Bitcoin Cash (BCH) Set To Go Higher, Updates Outlook on Rollbit (RLB) and an Under-the-Radar Altcoin appeared first on The Daily Hodl.
Original source: The Daily Hodl